The Colorado Senate has passed a bill that will remove the requirement to pay the state’s 40 percent excise tax on cigars sold out of the state.
S.B. 139 passed 25-9 and now moves onto the House.
If passed, it would be a big win for Smoker Friendly, which operates the PaylessCigarsandPipes.com website, out of the state. It’s unclear if there are other retailers that would uniquely benefit as cigars sold within the state would still be subject to the states tax of 40 percent of the wholesale price.
I am an editor and co-founder of halfwheel.com/Rueda Media, LLC. I previously co-founded and published TheCigarFeed, one of the two predecessors of halfwheel. I handle the editing of our written content, the majority of the technical aspects of the site and work with the rest of our staff on content management, business development and more. I’ve lived in most corners of the country and now entering my second stint in Dallas, Texas. I enjoy boxing, headphones, the Le Mans 24-hour, wearing sweatshirts year-round and gyros. echte liebe.